Ahold Says To Finalise Mega-merger With Delhaize

Ahold says to finalise mega-merger with Delhaize

THE HAGUE, (Pakistan Point News - 21st july,2016)- Dutch retail giant Ahold said Thursday it expected a mega-merger with Belgian rival Delhaize to be completed by Saturday, pending approval from US regulatory authorities. "Ahold and Delhaize announce that they expect to complete their intended merger on July 23, 2016, if regulatory clearance has been obtained from the United States Federal Trade Commission by that date," Ahold said in a statement. "Subject to the completion of the merger... Ahold Delhaize is expected to start trading on Euronext Amsterdam on Monday, July 25," it added.